Company / R&D Expense
QuantumScape Corp R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$375.6M
FY2025
5-year range
$151.5M / $383.0M
FY2021-FY2025
Trend
-1.9%
vs FY2024
Sector context
#26 of 167
Industrials
What the data says
QuantumScape Corp's r&d expense of $376M is higher than 84% of companies in the Industrials sector (FY2025). Improved from $348M to $376M over the past 2 years.
Based on SEC 10-K filings.
$376M in FY2025 with a 5-year CAGR of +42.0%. Top quartile in the Industrials sector.
Improved from $348M to $376M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +8.1%
- 5-Year CAGR
- +42.0%
- 10-Year CAGR
- -
Sector benchmark
Top 16% in IndustrialsTop 16% of 167This company $375.6M Sector average $283.8M
▼
+32.3% above sector average
Key checks
Key Insights
- 5-year CAGR of +42.0%, indicating consistent growth.
- In FY2025, r&d expense decreased 1.9% year-over-year.
- Ranks #26 out of 167 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 2.91 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $375.6M | -1.9% |
| FY2024 | $383.0M | +10.1% |
| FY2023 | $347.9M | +17.0% |
| FY2022 | $297.4M | +96.3% |
| FY2021 | $151.5M | +132.7% |
| FY2020 | $65.1M | +41.7% |
| FY2019 | $45.9M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026